June 19, 2025
mayank
LIC MF Banking & Financial Services Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 23.4289
NAV IDCW: Rs 23.2736
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation from a portfolio that invested substantially in equity and equity related securities of companies engaged in banking and financial services sector.
Fund Manager:
1) Jaiprakash Toshniwal
Education : Mr. Toshniwal is a CFA – CFA Institute, USA. MS Finance (CFA) – ICFAI, India. B.com – Gujarat University.
Experience : Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with India First Life Insurance and Taurus Mutual Fund.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 200 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 30 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption within 90 days |
Basic Details of LIC MF Banking & Financial Services Fund
| Fund House | LIC Mutual Fund |
| Launch Date | 27-Mar-15 |
| Return Since Launch | 8.46% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 273 Cr |
| (As on 31-May-2025) | |
| Expense | 1.05% |
| (As on 31-May-2025) | |
| Risk Grade | High |
| Return Grade | Low |
| Turnover | 51.00% |
Trailing Returns (%) of LIC MF Banking & Financial Services Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Banking & Financial Services Dir | 9.25 | -0.43 | 1.51 | 14.72 | 6.33 | 6.26 | 20.67 | 19.99 | 10.89 | 9.15 |
| BSE Bankex TRI | 9.37 | 0.03 | 0.00 | 11.16 | 6.28 | 10.52 | 19.44 | 22.15 | 11.95 | 12.62 |
| Equity: Sectoral-Banking | 10.64 | -0.08 | 1.69 | 14.19 | 7.80 | 13.37 | 24.35 | 24.25 | 13.83 | 14.25 |
| Rank within category | 26 | 32 | 17 | 9 | 27 | 28 | 14 | 12 | 11 | 10 |
| Number of funds in category | 33 | 37 | 37 | 36 | 33 | 29 | 17 | 12 | 11 | 10 |
Peer Comparison of LIC MF Banking & Financial Services Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| LIC MF Banking & Financial Services Dir | 1 star | 6.26 | 20.67 | 19.99 | 1.05 | 273 | 8.46 | 1.00 (90) | 10Y 2M | 51.00 |
| SBI Banking & Financial Services Dir | 4 star | 17.78 | 26.38 | 25.04 | 0.74 | 7,999 | 16.17 | 0.50 (30) | 10Y 3M | 121.00 |
| Nippon India Banking & Financial Srvices Dir | 5 star | 15.77 | 27.29 | 29.16 | 0.99 | 7,160 | 14.81 | 1.00 (30) | 12Y 5M | 20.00 |
| Sundaram Financial Services Opportunities Dir | 4 star | 9.13 | 28.30 | 26.44 | 0.78 | 1,548 | 14.58 | 0.50 (30) | 12Y 5M | 78.20 |
| Invesco India Financial Services Dir | 4 star | 16.78 | 29.89 | 25.64 | 0.87 | 1,372 | 16.51 | 1.00 (365) | 12Y 5M | 19.00 |
Portfolio Analysis of LIC MF Banking & Financial Services Fund
| No. of Stocks | 31 |
| Top 10 Stocks | 68.20% |
| Top 5 Stocks | 51.63% |
| Top 3 Sectors | 95.13% |
| Portfolio P/B Ratio | 2.14 |
| Portfolio P/E Ratio | 15.99 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,63,667 | 3,56,594 |
| Giant (%) | 53.54 | 64.95 |
| Large (%) | 12.37 | 17.95 |
| Mid (%) | 20.11 | 16.18 |
| Small (%) | 13.98 | 6.18 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For LIC MF Banking & Financial Services Fund
WILL Post Soon
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